A separate report showed that the unemployment rate in the single currency bloc ticked down to 12.1% last month, from 12.2% in September. Analysts had expected the unemployment rate to remain unchanged in October. The data came after http://www.etftradingsignals.com a report showed that German retail sales fell 0.8% last month, confounding expectations for a 0.5% rise, after a 0.2% slip in September. In France, consumer spending ticked down 0.2% in October, disappointing expectations for a 0.2% rise, after a 0.1% fall the previous month. The euro was higher against the pound, with EUR/GBP adding 0.08% to hit 0.8330. Also Friday, data showed that net lending to individuals in the U.K. Source: http://www.nasdaq.com/article/forex-eurusd-little-changed-hovers-near-onemonth-highs-cm307490

So, Draghi is likely to emphasize that the ECB is considering more moves in the near future, hinting about setting a negative deposit rate already in January. A hint would hurt the euro, and a negative deposit rate would have a much stronger effect on the euro than cutting the lending rate. US GDP (second release): Thursday, 13:30. According to the first release, U.S. gross domestic product increased by 2.8% in Q3 on an annual basis. Source: http://www.fxstreet.com/analysis/forex-weekly-outlook/2013/11/29/

It was on pace for a gain of 4.1 percent in November, the largest monthly rise since January. Analysts expect the yen to continue to weaken on expectations of loose monetary policy in Japan. By contrast, the Federal Reserve is expected to begin reducing its bond-buying stimulus for the U.S. economy, most likely early next year. “The downtrend in the yen is definitely still in place … Source: http://www.reuters.com/article/2013/11/29/markets-forex-idUSL2N0JE11520131129

I am quite concerned that financial regulators and the public lack basic, fundamental data on student loan origination and performance, Chopra said in a speech at the Federal Reserve Bank of St. Louis. The lack of good data is adding further uncertainty about the potential spillovers into the rest of the economy, he added. Federal officials outside the Education Department, especially those at the Treasury Department, have long complained about the lack of reliable data on the federal governments $1 trillion student loan portfolio. For example, officials are unable to determine the number of borrowers delinquent on their obligations, or the share of distressed borrowers in repayment plans that are based on their monthly incomes. Source: http://www.huffingtonpost.com/2013/11/18/student-loan-data_n_4299000.html

This announcement is extremely concerning and is one that will see the public subsidising a private company making a profit from public debt, which is incredibly problematic,” she said. The impact of this sale wont only affect borrowers, but will affect everybody. “The simple fact is that having these loans on the public books would be better off for the government in the long run. Selling off the loan book at a discount to secure a cash lump sum now doesnt make economic sense.” Earlier this year, one university head anonymously told The Guardian: “There is quite a lot of evidence that students and parents don’t really understand the new financial system, so you could play around with it quite easily.” The NUS has raised concerns the terms and conditions on student loans are not protected by law – even though David Willetts has assured the union they would not be changed as a result of the sale. The current student loans system is completely unsustainable,” Pearce added. “Forcing debt onto students as a way of funding universities is an experiment that has proven not to work and there needs to be some serious thought about moving the system away from this ridiculous model. Of the loans sold, approximately 46% are earning below the repayment threshold; 14% of borrowers are still repaying and 40% are not repaying their loans in accordance with their terms. Source: http://www.huffingtonpost.co.uk/2013/11/25/student-loan-book-sold-160m-government_n_4336301.html?ir=UK+Politics

Bankruptcy Code is ill-equipped to handle student-loan debt, which, at about $1 trillion, has outgrown credit cards as the largest source of consumer debt, excluding mortgages. Pennsylvania resident Daisy Ellerbee, 38 years old, has two years of payments left on her Chapter 13 bankruptcy plan and now owes more than $30,000 on a loan that she co-signed for one year of her daughter’s education at West Virginia University. The original loan amount was $24,700, she said. “They kill you with the interest rate,” said Ms. Ellerbee, who said she and her husband filed for Chapter 13 after a series of setbacks, including the 2006 flooding of their home. Pennsylvania bankruptcy attorney Patricia Mayer said that situation isn’t uncommon. Source: http://online.wsj.com/news/articles/SB10001424052702303983904579095262035350296

Effectively subsidizing half of the agency’s total operations, the profits have enabled Sec. Duncan to reduce the Education Departments total cost to the smallest amount since 2001. The Education Department spent $40.9 billion in 2013, nearly a third less than 2012 and the lowest reported amount since the first year of George W. Bushs presidency, according to the Treasury Department. Student loan profits last year exceeded the amount of money for federal Pell Grants given to low-income college students, according to budget documents. The administration has increased Pell Grant funding in part due to reduced costs of student loans, giving the http://www.obamastudentloanforgiveness.net appearance of one group of students subsidizing another. Source: http://rt.com/usa/student-loans-government-profit-292/

Perception is a powerful tool and along with transparency, another priority asset in the Feds armory, investors actions will continue to be coaxed along with rhetoric and hot money. A priority of Yellens is that she needs to continue to get the message across that to taper is not to tighten an interpretation that the federal funds rate will remain low even after the bond view website purchases have been pared back. Central Bank Talk Down Continues Interest rate differentials amongst competing central banks should become more of a market factor when tapering is finally tabled. Different rate regimes are already beginning to have a significant impact on the EUR. A dovish European Central Bank (ECB) will favor promoting the 17-member single currency as a funding currency of choice a natural threat to one of the JPYs priority roles? Source: http://www.forbes.com/sites/deanpopplewell/2013/11/15/yellens-pro-stimulus-testimony-strangles-forex-fervor/

In fact, most software packages require you to be sitting in front of your computer all day trying to figure it out before you can even think about making money. However, what if you could make money even when you are away from your computer? What if all you had to do was make a few clicks without having to spend all day in front of your computer? If this concept excites (or at least intrigues) you, then please check out Bryan Miller’s Automated Income App . This app is a semi-automated trading program with binary options included. The app itself is automated push-button software that generates $1,000 a day guaranteed! Source: http://www.24-7pressrelease.com/press-release/50kday-new-forex-trading-app-released-download-automated-income-app-free-368553.php

E-mail Address Send to a Friend London, UK (PRWEB) November 15, 2013 Forex news widget from ForexMinute is one of the finest solutions for forex brokers and website owners that cater to the customers or readers who are into Forex trading. It brings Forex news widget which brokerage firms can install in their websites to provide complete information about the latest happenings in foreign exchange and the financial world. Jonathan Millet, the CEO of ForexMinute admits that it is important for traders while trading foreign exchange that they know about the latest events and policy changes that are occurring in the real financial world and for that they need to read the latest Forex news. They also need to know the latest foreign exchange rates for the purpose. ForexMinute Brings High-End Forex News Widget Special feature in the Forex news widget from ForexMinute is that it is updated every hour to provide the latest news, analysis, brokersa reviews, etc. Source: http://www.streetinsider.com/Press+Releases/Forex+News+Widget+from+ForexMinute+Now+Available+for+Forex+Brokers+and+Blog+Owners/8893408.html

Also, be sure http://www.obamastudentloanforgiveness.net/ your contact information (i.e., mailing address, email and phone number) on file with your servicer is accurate and up to date. Select a Repayment Plan that Fits You. Federal loan borrowers may choose from a variety of payment plans, including income-driven repayment plans. Income-Based Repayment or Pay as You Earn are based on income and family size, and can cap monthly payments at 10 to 15 percent of income. Meanwhile, options for private loan borrowers depend on the loan program and the lender. Prior to disbursement of the loan, many private loan customers can select a repayment option that lets them begin to make payments while in school. Source: http://www.cbsnews.com/8301-505144_162-57611290/how-to-pay-your-student-loans/

The U.S. armed forces offer loan forgiveness programs for select loans up to $65K. It requires three years in the Army, Navy, Marines, Air Force, or Coast Guard and Post 9-11 GI Bill forfeiture. Downside: strict lifestyle, ENLISTED service (not officer), risk of deploying to hostile fire zones, cannot quit until military obligation is complete, only for certain loans types Upside: free room, free board, $1200 monthly salary, low-cost insurance (health & life), and STUDENT LOAN FORGIVENESS June 12, 2013 at 7:15 am As a Navy recruiter, I can tell you that the reason we dont normally use loan forgiveness as a selling tool is because it only covers specific loans. I do, however, CONSTANTLY tell high schoolers that they should look to the military as a stepping stone. Source: http://www.ed.gov/blog/2013/11/5-things-you-need-to-know-about-your-student-loans/

The Department of Education may agree to waive collection charges, which can be substantial; it may knock 10 percent off the total owed; or it may settle for the current principal owed plus half the accrued interest. In practical terms, borrowers who want a settlement should find out how much the Department of Education paid to acquire their defaulted student loans, and open negotiations with an offer halfway between that number and the total amount they now owe, Kantrowitz said. The amount the DOE paid, known as the default claim, is usually the last amount showed owing on the loans in the National Student Loan Data System database, he said. MURKY SETTLEMENT PROCESS The process for settling private student loans is less defined since lenders have different policies, Minsky said. Private lenders also have fewer powers to collect than the federal government, which sometimes but not always leads to more willingness to settle, he said. Private lenders have to go to court to get wage garnishments and can’t seize tax refunds or government benefits. Source: http://www.reuters.com/article/2013/11/04/us-weston-studentloans-idUSBRE9A30Q920131104

5 Things You Need To Know About Your Student Loans

Back when things were moving along briskly with the economy nobody wanted to listen to those warnings. Student loan debt is just debt. If you take on more than you can handle then there is no way you’ll ever be able to repay the debt. One comment that smacked me right between the eyes was your statement, “She does NOT want to file bankruptcy – she want to pay what she owes…she is a good kid…” That’s the absolute wrong way to look at the situation. Bankruptcy is not a morally vacant decision. Source: http://www.huffingtonpost.com/steve-rhode/my-daughters-life-is-over_b_4256568.html

People say how much it’s up, but it’s only up from where it crashed.” As for valuations, he said on “Squawk Box” that at the height of the Internet bubble “in 1999 the stock market was selling for 33 times earnings.” Stocks are now selling for around 14 times, he said. “They’re cheap on stock valuations alone.” The Baron Capital chairman and CEO formed the investment company that bears his name in 1982. It currently has $23.8 billion in assets under management. The family of Baron funds have all returned at least double-digit gains in the past five years. Being a long-term investor, Baron said he doesn’t pay much attention to speculation over when the U.S. Source: http://www.cnbc.com/id/101182217

The move follows a plunge in inflation to 0.7 percent year-on-year in October and a slowdown in manufacturing and services activity, combined with a strengthening euro. Stocks pushed higher strongly on Thursday afternoon, before events in the U.S. caused the rally to fizzle out. The Bank of England also met on Thursday but left monetary policy unchanged. Investors are now looking ahead to the central bank’s inflation report due out next Wednesday, with Governor Mark Carney likely to give an update on growth forecasts. Source: http://www.cnbc.com/id/101181625

Bangkok’s SET index was down 1.4 percent at 1,405.03, the lowest close since Nov. 4, extending a 0.7 percent slide on Thursday. It was down 1.7 percent on the week, the region’s second-worst performer. Philippine stocks fell for a sixth session, with the benchmark index closing down 1.3 percent at the lowest since Oct. 1. It was Southeast Asia’s worst performer on the week, dropping 3.5 percent, the biggest since Aug. Source: http://uk.reuters.com/article/2013/11/08/markets-southeastasia-stocks-idUKL3N0IT0Q620131108

People say how much it’s up, but it’s only up from where it crashed.” As for valuations, he said on “Squawk Box” that at the height of the Internet bubble “in 1999 the stock market was selling for 33 times earnings.” Stocks are now selling for around 14 times, he said. “They’re cheap on stock valuations alone.” The Baron Capital chairman and CEO formed the investment company that bears his name in 1982. It currently has $23.8 billion in assets under management. The family of Baron funds have all returned at least double-digit gains in the past five years. Being a long-term investor, Baron said he doesn’t pay much attention to speculation over when the U.S. Source: http://www.cnbc.com/id/101182217

The move follows a plunge in inflation to 0.7 percent year-on-year in October and a slowdown in manufacturing and services activity, combined with a strengthening euro. Stocks pushed higher strongly on Thursday afternoon, before events in the U.S. caused the rally to fizzle out. The Bank of England also met on Thursday but left monetary policy unchanged. Investors are now looking ahead to the central bank’s inflation report due out next Wednesday, with Governor Mark Carney likely to give an update on growth forecasts. Source: http://www.cnbc.com/id/101181625

Bangkok’s SET index was down 1.4 percent at 1,405.03, the lowest close since Nov. 4, extending a 0.7 percent slide on Thursday. It was down 1.7 percent on the week, the region’s second-worst performer. Philippine stocks fell for a sixth session, with the benchmark index closing down 1.3 percent at the lowest since Oct. 1. It was Southeast Asia’s worst performer on the week, dropping 3.5 percent, the biggest since Aug. Source: http://uk.reuters.com/article/2013/11/08/markets-southeastasia-stocks-idUKL3N0IT0Q620131108